The chairman of the “Young Group” within the parliamentary group of the CDU/CSU has cautioned against the consequences of the planned increase in national debt for young people and has criticized the draft legislation for the establishment of the special fund for infrastructure. Pascal Reddig, a member of the Bundestag, told the Frankfurter Allgemeine Zeitung that the high level of new borrowing represents a significant burden on the younger generation.
While acknowledging the necessity of investment in areas such as defense and infrastructure to revitalize Germany’s economic trajectory, Reddig emphasized the “Young Group’s” insistence on the judicious use of funds allocated to the infrastructure special fund. He stated that investments should prioritize the future and stimulate growth, rather than leading to increased social expenditures.
Addressing the draft legislation, which proposes the creation of a €500 billion special fund for infrastructure and climate protection, Reddig indicated that it currently falls short of meeting these criteria. He asserted that the current form of the establishment law is not yet acceptable for approval.
Reddig argued that the draft legislation provides excessive room for interpretation. He called for clear guidelines, specifying that infrastructure investments should focus on roads, railways, future technologies, digitalization and energy infrastructure. He stated that any deviation from these areas should be legally excluded.